Wednesday, January 6

The Good Guys Win

Court dismisses city's discriminatory lending lawsuit against Wells Fargo*
The Baltimore Sun

This was a nonsense lawsuit from the beginning. Never should have gotten this far, but I'm very happy to see it tossed. The implications would have been staggering and very unfortunate. It didn't work in Cleveland or Birmingham. Memphis should be the next case to be dismissed.

Here's a bit of news: Banks don't make money from foreclosures!! They lose money when people can't repay loans. Let's grow up here. Stop blaming everyone else for bad decisions that we made ourselves.

If Baltimore is a rotten, smoking hellhole, (and it is, I've driven through it. Just ask Ed) perhaps the first finger of blame should be pointed at the people who have been in charge. And the people who continue voting those people in.

And now, for a completely unrelated story:

Baltimore Mayor Sheila Dixon will resign next month, part of a plea deal reached today that brings a years-long corruption investigation to a close with a guilty plea in a perjury case in addition to last month's jury conviction on an embezzlement count.

Mmmmm, it's karmalicious

*Full disclosure, I am a proud 20-year veteran of Wells Fargo

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